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Property Description

Commercial information

Use class orders: A1 Shops

Full description

Triple fronted freehold mixed commercial investment consisting of 3x retail units and 2x first floor flats. The property is very well presented throughout benefiting from rear access, a roof terrace and double glazing. The shops are all let and both flats are let on assured shorthold tenancies, situated on the Shirehampton High Street, the gross rental income is £44,640pa.

Description - Freehold mixed commercial investment property consisting of 3x lock up retail units (all benefiting from rear access), with 2 well presented flats to the first floor (1x one bedroom, 1x two bedroom). The flats are accessed from the rear of the property and benefits from a roof terrace. A total gross annual rental income of £44,640.

Location - Situated on the main High Street in Shirehampton providing easy access to the motorway networks and The Portway. Notable nearby occupiers include, The 'Co-Operative' supermarket, 'Lloyds Bank', 'Boots', 'Job Centre Plus', and a number of national and independent estate agents

Retail Units - 3 Lock up retail units each of approximately 560sqft gross with additional kitchen and toilet facilities for each unit. All 3 units benefit from rear access.

Parking - There is off street parking to the rear of the building allocated as one space to each of the shops and one space for 38 Pembroke Road (first floor flat).

Lease Details -

27+27A High Street - Let at £20,000p.a from 14th November 2014 until 13th November 2020 on a full repairing and insuring term by way of a service charge. The lease is outside of the land/tenant act.There is a tenant break option and rent review on the 14th November 2018 and a tenant deposit.

29 High Street - The unit is currently let at £10,000pa from 1st May 2015 on a 5 year Full Repairing and Insuring lease.

38 Pembroke Road - Let on an assured shorthold tenancy agreement from August 2013 at £595pcm.

40 Pembroke Road - Let on an assured shorthold tenancy agreement from February 2016 at £625pcm.

Notes - Please note, one of the vendors of this property is a connected party with a staff member of Maggs & Allen.

The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of this property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. These particaulrs including all measurements, plans, dimensions and photographs are provided for guidance purposes only and any intending purchaser or lessee should make their own enquiries.

More information from this agent

To view this media, please visit the on-line version of this page at www.rightmove.co.uk/commercial-property-for-sale/property-44099938.html

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Property reference 10003272E_3272.
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